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Best GBP to AUD exchange rates today
Find the mid-market rate and what affects the exchange rate between these two currencies.
Make your pounds go further with a strong exchange rate when you send money to Australia.
Today’s mid-market rate
Refreshing in: 60s | Mon, Oct 14, 01:33PM GMT
Buy Australian dollars with British pound online
Buy the Australian dollars you need from online transfer specialists that can make your transfer quickly. Watch for fees and markups on the mid-market rate.
When is the best time to buy?
Exchange rates fluctuate with the market as it rises and falls. The UK’s government policies, elections, trade demands and overall economic health determine the best time to buy.
The ongoing debate about how to move forward with Brexit has caused the GBP to decline since 2016. So even though the GBP has historically been stronger than the AUD, Brexit could lead to a weaker pound as the British economy remains volatile and could be heading to a recession.
How does the British pound trade against the Australian dollar historically?
With strong historical ties between the UK and Australia, the pound and the Aussie dollar has enjoyed a fairly even playing field.
The global financial crisis in 2008 affected both the British pound and Australian dollar. The Australian dollar reached highs of 2.474488 per pound in October 2008, from 2.065693 in July of 2008. It gradually strengthened and by August 2009 had dropped to less than $2 per pound.
GBP to AUD exchange rate history
We’ve put together the daily average exchange rate for the British pound against the Australian dollar for the past week.
|Oct 07||Oct 08||Oct 09||Oct 10||Oct 11||Oct 12||Oct 13|
|1 GBP =||1.8251 Inverse: 0.5479||1.8158 Inverse: 0.5507||1.8176 Inverse: 0.5502||1.8383 Inverse: 0.5440||1.8615 Inverse: 0.5372||1.8615 Inverse: 0.5372||1.8562 Inverse: 0.5387|
Average exchange rate over the past 6 months.
|May 15||Jun 09||Jul 04||Jul 29||Aug 23||Sep 17|
|1 GBP =||1.8549 Inverse: 0.5391||1.8186 Inverse: 0.5499||1.7912 Inverse: 0.5583||1.7709 Inverse: 0.5647||1.8181 Inverse: 0.5500||1.8208 Inverse: 0.5492|
Average exchange rate over the past 10 years.
|1 GBP =||2.0411|
What affects GBP to AUD exchange rates?
Five main factors affect the British pound and Australian dollar, including monetary policy, price inflation, confidence and sentiment, economic growth using the gross domestic product (GDP) and the balance of payments. These factors can offer a comprehensive view of the direction a currency is going.
The flood of 2015 in Australia’s eastern states affected GDP and how the Australian dollar was traded in global markets. From June 2015 to February 2016, the Australian dollar hovered above 2.0 to the pound.
By doing your research to find the best exchange rate when transferring money from the UK to Australia, you can make your money go further. With Brexit leaving the British economy on unstable ground, keep an eye on the market before exchanging your pounds to the Aussie dollar.
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